USDINR
On Tuesday, We are expecting The Domestic unit (Rupee) commence session with weaker note between 74.25 – 74.35 levels against greenback hovered near month high as traders largely side lined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus.
Day Trend: -BULLISH (UPSIDE PRESSURE NEAR 74.30 – 74.35, correction possible).
INTRADAY RANGE – 74.10 (74.20 – 74.32) 74.43
AUDUSD
The Australian dollar, seen as a liquid proxy for risk appetite, was in range at $0.7550 after falling 0.3% at the start of the week on concerns over renewed COVID-19 lockdowns across parts of the country.
NZDUSD
The kiwi dollar also steady $0.7031 ahead of a speech by Reserve Bank of New Zealand Governor Adrian Orr. The currency dropped 0.4% on Monday, ending a five-day winning run after rebounding from its lowest level since November.
OIL PRICE
Oil down in early morning Asia due to concerns about an outbreak of the number of COVID-19 cases in part of the world. Investors now await the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting this week, which is expected to boost fuel supply.
INDICES
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.11% lower, hovering near recent highs, though momentum has stalled as some countries re-impose lockdowns to contain the spread of the Delta virus variant.
CRYPTO
Elon Musk, the at-times controversial stop-and-go crypto supporter, voiced his support late Sunday for a set of major updates to the Doge coin (DOGE) block chain. The changes would drastically redesign the crypto currency’s software architecture and alter its token economics.
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